Gold hovers below $1,800-mark on dollar strength, sooner rate-hike bets - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Tuesday, 23 November 2021

Gold hovers below $1,800-mark on dollar strength, sooner rate-hike bets

Gold prices edged up on Wednesday, although strength in the U.S. dollar and bets that the Federal Reserve could raise interest rates sooner kept the metal below the key $1,800 mark. Spot gold rose 0.3% to $1,794.96 per ounce by 0239 GMT, after slipping as much as 1.4% to its lowest since Nov. 5 on Tuesday. U.S. gold futures added 0.6% to $1,793.90 per ounce.

from Commodities-Markets-Economic Times
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